1604 4H PLAN GBPUSD about to make grand super 5th wave to1.354Hello traders,
This is Vera from channel ABC signal. What is PoundDOLLAR showing us on 4h chart now.
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Let’s go back to check our ideas on Pound this week.
GBPUSD:
Idea on gbpusd sent out on 14th two days ago was trying to buy at the double bottom with price moving crossing average band on 4h chart.
But it went really slowly with so many price overlapping above middle band. Usually, price after such overlapping situation, a strong candlestick will give us a clear direction to follow. Last idea we set out stop loss lower than recent low and hope price would rally up to test blue resistance zone where it was test 5 times. But GBPUSD now turn down to cross middle average band again. So we decide to close our last trade with only 10 pips profit. It was 50 pips floating profit before. Here is the plan. Considering the small channel here is broken now on 4h chart, we expect it will very soon to break the support level and will test all support down there with a new ABC wave.
Check Risk to reward ratio like this and decide which plan you like .
1st : open sell now with RR>5
2ND open sell after it breaking support 0 level and retest with potential RR>3
Good luck
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LESS IS MORE!
Bolingerband
Bullish RSI indicationLooking at a BB squeeze where the low volatility is indicated by the compression or closeness of the upper and lower bands. There is no good indication on price action alone regarding where price may go (no significant break up or down as of yet) however, the RSI is rising from low to high, indicating a possible break upwards. GLTA
Not financial or trading advice.
Bitcoin Multi TimeFrame Analysis4 Time-frames are on my watchlist.
In the 4H time-frame based on HVP and trend analysis, bitcoin is in consolidation. And a huge range between $29400 & $32100! if a 4h candle closes above 32100, it can test 32600, and then it can break or reject. no one knows! but if breaks, the test of $34500 is very probable.
The 2D TF is a dogi candle BUT it must confirm. if wick below the previous 2D candle it will be confirmed and probable test to horizontal support between $22700 & $23900.
on the 3D TF, the HVP is expanding and if the 3D candle closes above the BB it would suggest that the upside trend is continuing. in parallel on the Weekly TF again if the weekly candle closes above BB, it would say the trend is not over yet.
CCXI, price exceeded its 50-day Moving Average on Nov 25, 2020This price move could indicate a change in the trend, and may be a sell signal for investors. Tickeron's A.I.dvisor found 46 similar cases, and 39 were successful. Based on this data, the odds of success are 85%. Current price $54.00 crossed the support line at $54.54 and is trading between $54.54 support and $52.03 resistance lines. Throughout the month of 10/26/20 - 11/25/20, the price experienced a +2% Uptrend, while the week of 11/18/20 - 11/25/20 shows a -7% Downtrend.
Bearish Trend Analysis
The 10-day RSI Indicator for CCXI moved out of overbought territory on October 08, 2020. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 45 similar instances where the indicator moved out of overbought territory. In 36 of the 45 cases, the stock moved lower in the following days. This puts the odds of a move lower at 80%.
The Momentum Indicator moved below the 0 level on November 23, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on CCXI as a result. Tickeron A.I. detected that in 83 of 96 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 86%.
CCXI moved below its 50-day Moving Average on November 25, 2020 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 83%.
CCXI broke above its upper Bollinger Band on October 05, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for CCXI entered a downward trend on November 11, 2020. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
COVID19 the Jerk got worse in a SnapPart 1: FULL INTRO
The goal remains the application of 'derivatives of displacement' to describe the spread of COVID-19. The points made will apply to any application over time (not just virus spread).
This charts focus is on COVID19's "snap". Snap is the 4th derivative of displacement:
Rate of spread (how many each day)
Velocity of spread: Change in Rate over time
Acceleration of spread: Change in Rate over time
Jerk of spread: Change in Rate over time
Snap: Change in Jerk over time
Snap is explosive change best described as "Oh Sh-t!"
Examples of snap include :
Waterfall.
Take off.
Flooring it.
Rocket launch.
Peak violent vomiting
Roller coaster with 360 loop.
COVID19 spread as of Nov, 2020. (Black histogram in upper right chart)
Why should I care?
Acceleration, Jerk and Snap can be evaluated together when expressed in standard deviations. 95% of measurements fall between -2 STD and +2 STD away from their mean mean (assuming a normal distribution).
The lower right chart presents the derivatives in terms of STD's. At the time of writing they are all above the midline (i.e. all positive). In terms of "stopping the spread" of the virus consider the difficulty in stopping any of the 'snap examples' above.
A job for superman? Superman was said to be "faster than a speeding bullet". However, after leaving the barrel, a bullets velocity and acceleration are negative. Bullets slow down, while virus spread speeds up. The bullets deceleration lacks jerk or snap unless it hits a wall. Yet, on one point the bullet metaphor *is* useful:
Giving a bullet or a virus a 'head start' has an exponential impact . For a virus the head start may be time for asymptomatic spread. For a bullet its a longer barrel and more time to build velocity.(see note below).
Time Matters and the time is now
American Jerk behind COVID surge : Derivatives of displacement
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
[Note on projectile velocities :
A bullet, while moving through its barrel, is being pushed forward by the gas expanding behind it. This gas was created when the trigger was pulled, causing the firing pin to strike the primer, which in turn ignited the solid propellant packed inside the bullet cartridge, making it combust while situated in the chamber. Once it leaves the barrel, the force of the expanding gas ceases to propel the bullet forth. When a bullet is fired from a handgun with a 2-inch (51 mm) barrel, the bullet only has a 2-inch (51 mm) "runway" to be spun before it leaves the barrel. Likewise, it has only a 2-inch (51 mm) space in which to accelerate before it must fly without any additional force behind it. In some instances, the powder may not have even been fully burned in guns with short barrels. So, the muzzle velocity of a 2-inch (51 mm) barrel is less than that of a 4-inch (100 mm) barrel, which is less than that of a 6-inch (150 mm) barrel.
{SWC}—— K1, Who Is Number 1? Thank you for your continued support :)
Strategy: Bollinger Band Strategy
Bias: Bullish. Prominent volume kicked in today and breakout the box consolidation zone at the price of 0.215. With the surge of price with significant volume, there was a bollinger band breakout observed.
With the widening of bollinger band, SWC believes there will be a positive movement in near term if the momentum sustained.
R: 0.230, 0.240
S: 0.210
If you find this idea helpful, do not hesitate to drop us a like and comment! Happy trading! :)